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Articles for Fiscal Prudence

RBI asks States to have sustained fiscal prudence
3 weeks, 1 day ago

RBI asks States to have sustained fiscal prudence

The Hindu  

State governments contained their consolidated gross fiscal deficit within 3% of the gross domestic product and their revenue deficit at 0.2% of GDP during 2022-23 and 2023-24, the Reserve Bank of India said in its report on state finances. “In view of high debt levels, contingent liabilities and the rising subsidy burden, State government finances would benefit from the adoption …

States State Report Rbi Gdp Fiscal Fiscal Prudence
India Inc Calls for Balanced Fiscal Management
1 month ago

India Inc Calls for Balanced Fiscal Management

Deccan Chronicle  

: Amid a slowing global economy, India Inc on Sunday urged the government to maintain a balanced fiscal management for macroeconomic stability with some more interventions to nudge the states towards fiscal prudence. It further said that this exercise would help forecast potential economic headwinds or tailwinds and assess their impact on the fiscal path.Looking at the next year’s budget, …

India States State Fiscal Cii Fiscal Prudence
Union Budget should focus on fiscal prudence, tax restructuring, agriculture reforms: SBI Research
6 months ago

Union Budget should focus on fiscal prudence, tax restructuring, agriculture reforms: SBI Research

The Hindu  

As the Central government prepares for the Union Budget presentation on July 23, a research report by the State Bank of India has highlighted crucial areas that need attention to drive sustainable economic growth and development in the country. “Government should focus on adherence to fiscal prudence and continue on the fiscal consolidation path, but at the same time refrain …

Tax Budget Bank Report Msp Fiscal Prudence
Ecostani | Why Modi may find it difficult to accept Andhra and Bihar’s special status demand
7 months ago

Ecostani | Why Modi may find it difficult to accept Andhra and Bihar’s special status demand

Hindustan Times  

For the first time since 2014, Narendra Modi is dependent on the Chandrababu Naidu-led Telugu Desam Party and the Nitish Kumar-led Janata Dal to serve as prime minister of the country for the third term. Granting special category status to Andhra Pradesh can open a pandora’s box of similar demands from other states. Andhra’s human development score for 2011-12 is …

Rajasthan Bihar Uttar Pradesh States Jharkhand Status Demand
How the Centre should spend the bonanza from RBI
7 months, 2 weeks ago

How the Centre should spend the bonanza from RBI

Hindustan Times  

Suppose you have a sudden inflow of money. RBI recently created headlines as it announced a transfer of ₹2.11 trillion to the government, almost double the amount estimated in the 2024 interim budget. RBI holds a mix of US government bonds and dollars as a “reserve” or safety money. Whatever the reason, the extra trillion of cash gives the government …

India Money Interest Rates Interest Foreign Rbi Spend
Punjab governor fires another missive, questions AAP govt’s fiscal management
1 year, 2 months ago

Punjab governor fires another missive, questions AAP govt’s fiscal management

Hindustan Times  

Days after chief minister Bhagwant Mann shared details of debt raised by his government and its utilisation, Punjab governor Banwarilal Purohit shot off another missive to him on Tuesday, raising questions over the state government’s fiscal management, lack of transparency and diversion of funds meant for capital expenditure for “undisclosed purposes”. Chief minister Bhagwant Mann and governor Banwarilal Purohit have …

Debt Capital State Crore Minister Punjab Mann
'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS
1 year, 11 months ago

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS

India TV News  

Parliament Budget Session: Finance Minister Nirmala Sitharaman on Friday hailed the government's economic policies during the reply to the Budget 2023 debate in Lok Sabha. "If I can put in a few words the essence of budget 2023-24- it balances the requirement for India's development imperatives within the limits of fiscal prudence," said Sitharaman. Sitharaman said the new tax regime …

India Tax Budget Income Lok Sabha Cent Lakh
Modi govt working on financial relief package for revival of industries, survival of poor
4 years, 8 months ago

Modi govt working on financial relief package for revival of industries, survival of poor

India Today  

Finance minister Nirmala Sitaraman on Thursday met Prime Minister Narendra Modi amidst rising demand for a ‘fiscal relief package’ to addresses acute distress faced by industrial and service sector as well as the economically disadvantaged section of the society. A senior government advisor told India Today, “The Centre plans to avert a situation in which cash crunch converts itself into …

India Support Crisis Three Months Demand Rbi Small
Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing
5 years, 5 months ago

Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing

Firstpost  

Subramanian, after analysing 17 major economic indicators, also said that the weakness seen in the economy after 2011-12 didn’t correlate with the high GDP numbers reported under the new series. Noted economist Kaushik Basu has joined the GDP data debate triggered by former CEA Arvind Subramanianan’s research-based findings on allegedly overestimated the GDP numbers. Subramanian, after analysing 17 major economic …

India Economy Economic Basu Deficit Fiscal Subramanian
Bring back credibility to the Union Budget
5 years, 6 months ago

Bring back credibility to the Union Budget

Deccan Chronicle  

There is a heady feeling to being India’s finance minister. The latter has, ahead of the stakeholder consultations starting this week — already subtly defined the budget envelope as limited to what already exists in the Interim Budget presented on February 1, 2019 — an outlay of Rs 27.8 trillion, of which 21 per cent is for transfers to the …

India Growth Tax Budget Cent Gdp Fiscal
BJP wants expansionary economic policy ahead of general election: Modi govt plans to keep fiscal deficit to 3.3%, say sources
5 years, 11 months ago

BJP wants expansionary economic policy ahead of general election: Modi govt plans to keep fiscal deficit to 3.3%, say sources

Firstpost  

Narendra Modi’s BJP government at the Centre is in favour of an expansionary economic policy and does not consider the government’s plan to keep the fiscal deficit to 3.3 percent of GDP as “sacrosanct”. Prime Minister Narendra Modi’s Bharatiya Janata Party government at the Centre is in favour of an expansionary economic policy and does not consider the government’s plan …

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